European Markets Edge Lower Ahead of Key Economic Data

European stock indexes experienced a slight decline during Tuesday's premarket session as investors eagerly awaited crucial economic data. The focus was on the confirmation of German inflation for November, which is expected to remain at 2.2%. Additionally, anticipation for US inflation figures, due to be released tomorrow, added an element of uncertainty to the markets.

This shift in market sentiment marked a departure from the gains witnessed on Monday, as reported by Teletrader.

At 8:00 am CET, the DAX index showed a loss of 0.29%, while the Euro Stoxx 50 fell by 0.57%. The FTSE 100 and CAC 40 also experienced declines of 0.26% and 0.35%, respectively.

In currency markets, the euro appreciated by 0.16% against the dollar, trading at $1.05666 at 7:58 am CET. Meanwhile, the pound sterling strengthened by 0.08% compared to the US currency, reaching $1.27586 at the same time.